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CDM Registry

Institutional background

The Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol on its first session, held at Montreal from 28 November to 10 December 2005, established that the CDM Executive Board shall develop and maintain the CDM registry according to the requirements set out in Appendix D to the report (FCCC/KP/CMP/2005/8/Add.1).

These requirements specify that the CDM registry is to be in the form of a standardized electronic database that ensures the accurate accounting of the issuance, holding and acquisition of CERs. In order to do so, Appendix D to Decision 3/CMP.1 provides guidance on the different account types to be available in the CDM registry, provisions for unique serial numbers, conditions for the forwarding of CERs and publicly available information about the operation of the CDM registry.

This document also establishes that

The Executive Board shall establish and maintain a CDM registry to ensure the accurate accounting of the issuance, holding, transfer and acquisition of CERs by Parties not included in Annex I.

The Executive Board shall identify a registry administrator to maintain the registry under its authority.

The Annual report (2003–2004) of the Executive Board of the clean development mechanism to the Conference of the Parties also states that the Board agreed that the secretariat is to be the CDM registry administrator with responsibility, under the authority of the Board, for implementing and operating the CDM registry (CP/2004/2/ paragraph 59).

Information about the amount of CERs allocated to the Adaptation Fund account can be found here

The Executive Board provided further guidance for the work of the CDM registry at its subsequent meetings. The reports of each meeting containing the corresponding decisions can be found on the EB section .

Voluntary Cancellation of CERs:

Voluntary cancellation allows project participants who hold certified emission reductions (CERs) in the CDM registry to cancel them on their own behalf or on behalf of third parties. This gives them access to a broader source of demand for CERs in the voluntary market, while making a diverse portfolio of credits available to organizations and individuals wishing to reduce their carbon footprint. Interested buyers can filter available CERs by country and/or project type to ensure that their purchases are in line with organizational goals or personal preferences.

CDM Registry News - Operational

4 December 2014 — Issuances over the Christmas holiday period.

Due to closure of the secretariat on 25 and 26 December 2014 and 1 and 2 January 2015, issuances which fall on any of the above-mentioned dates will be processed on the following business day.

4 December 2014 — CDM Registry operations in December 2014

In order to ensure completion of requests to forward CERs by 31 December 2014, project participants are kindly requested to submit signed F-CDM-FWD forms to arrive at the secretariat no later than 17 December 2014 close of business.

The CDM Registry will operate with reduced capacity between the period 22 December 2014 and 5 January 2015. Please note that no transactions will be processed on 31 December 2014 due to the closure of the ITL for end of year maintenance.

27 June 2013 — Notification of planned downtime of ETS registries

ETS registries will be unable to accept or carry out transactions between 0800 hrs UTC on 1/7/2013 and 0800 hrs UTC on 8/7/2013 due to technical maintenance of the CSEUR. The CDM Registry will therefore be unable to process transactions to ETS registries during the above-mentioned period and we apologize for any inconvenience caused.

28 March 2013 — Measures related to processing of requests for issuance that had been delayed in late 2012: Information and update

The CDM Executive Board at EB 71 requested the secretariat to put in place measures to prioritize and expedite requests for issuance that had been delayed as a result of the previous prioritization of requests for registration in late 2012. In response to this request, the secretariat took two specific actions. First, it identified all requests for issuance that had waited for more than two weeks before the commencement of the completeness check. Second, for those projects only, the secretariat invited project participants for the affected projects to inform the secretariat whether the delay was having an impact on their project on their project activity, and explain how.

For those cases where the project participants had substantiated a significant impact of the delay, and for those issuance requests only, the relevant project participants were invited to make the SOP-Admin payment after publication of the respective requests for issuance and/or to request expedited authentication of the requests for forwarding (this was achieved using the standard process for electronic submission).

Please note that the above measures were of a temporary nature and implemented to deal with a backlog that had built since the end of 2012. The measures are no longer in effect as the waiting times for requests for issuance have returned to within the timelines recommended by the CMP.

Should project participants wish to ensure completion of requests to forward CERs by 31 December 2012, they are kindly requested to submit original signed F-CDM-FWD forms to arrive at the secretariat no later than 17 December 2012 close of business.

Please note that 28 December 2012 will be the last day for processing CER forwarding requests received by the CDM Registry in 2012 due to the unavailability of the ITL on 31 December 2012.

23 November 2012 — Release of modified interface for requesting voluntary cancellation from the pending account of the CDM registry

The secretariat is pleased to announce that the interface for forwarding of CERs/tCERs has been adapted to allow for the voluntary cancellation of the same. Similarly to the forwarding of CERs the focal point(s) for scope (a), should upload a voluntary cancellation request using the link included in the issuance notification message. For further guidance on voluntary cancellation procedures please refer to the How to/Guidance section on the CDM Registry web page.

15 November 2012 — Introduction of voluntary cancellation in the CDM registry

For requests for voluntary cancellation of units from Permanent Holding Accounts in the CDM registry, account holders are requested to contact the CDM registry team at cdm-registry@unfccc.int to obtain a temporary transfer form for this purpose.

Project participants may submit notifications of units available for cancellation as per the procedurefor implementing voluntary cancellation in the CDM registry. To proceed with a submission please refer to section "Voluntary Cancellation" on this web page. Please note that the functionality will be activated in the late afternoon.

Notification of delay on implementation of voluntary cancellation requests from the pending account of the CDM registry:

The CDM Registry regrets to inform users that due to unforeseen technical issues the deployment of the interface to enable the submission of requests for voluntary cancellation of units from the pending account of the CDM registry will only be available from 23 November 2012.

9 August 2012 — Update on EU account information in the CDM Registry

Further to clarifications received on the operations of the Union Registry (European Community) and confirmation of the continuation of the EU member state Kyoto registries, the CDM Registry Administrator is discontinuing transfers of CERs to Union Registry accounts, i.e. accounts holding an EU prefix, with immediate effect. This announcement supersedes related information posted on 6 July 2012 'EU accounts in the CDM Registry'.

30 July 2012 — Transitional arrangements to the F-CDM-MOC, version 02.1

Following the implementation of the electronic F-CDM-MOC, version 02.1, on 27 July 2012, and in line with the revised end date of 31 January 2013 for the submission of any requests for registration/issuance under current rules (EB68 report, Annex 33), project participants are encouraged to start uploading version 02.1 of the F-CDM-MOC for post-registration changes as soon as possible due to the fact that the electronic interface for post-registration changes has already been converted to reflect version 02.1. From 1 February 2013 all requests for changes to the F-CDM-MOC should be submitted using version 02.1 of the F-CDM-MOC only.

24 July 2012 — unavailability of the MoC electronic interface

The MoC electronic interface will be unavailable for 24 hours from 25 July 23:59:59. For further information on the deployment of the new F-CDM-MOC, please refer to CDM Registry News - Operational - 11 May 2012 : Implementation of electronic F-CDM-MOC, version 02.1. The interface will be fully operational as of Friday, 27 July 2012.

6 July 2012 — EU accounts in the CDM Registry

The CDM Registry has been updated to support account references with EU as a Party code for CER transfer purposes. Henceforth focal points may enter either their new EU account number in the CDM interface or continue to use the Party code and account number previously allocated which is still valid for CDM purposes. Kindly ensure that the EU or Party code is followed by the applicable account number and account type to ensure smooth processing.

11 May 2012 — Implementation of electronic F-CDM-MOC, version 02.1

Registration: Up until 30 September 2012, entities may choose to submit either version 01.4 or version 02.1 of the F-CDM-MOCthrough their validating DOE according to the selected track for submitting a request for registration.

Post-registration changes: Effective 27 July 2012, the MoC electronic interface for post registration changes will be updated to reflect version 02.1 of the F-CDM-MOC. Project participants should note that effective 27 July 2012, any post-registration changes should be requested by using only version 02.1 of the F-CDM-MOC as a result of the updated electronic interface. Up until the switch between F-CDM-MOC versions, version 01.4 should be scanned and submitted as a pdf file to the request for changes, however, the secretariat will also accept the use of the new 02.1 F-CDM-MOC.

To avoid discrepancies between the version of the electronic interface and the submitted pdf file, project participants are encouraged to print the F-CDM-MOC for signature from the interface. In F-CDM-MOC, Section 3: Statement of Agreement, the fields "Full name of authorized signatory", "Signature" and "Date" as well as the fields "Signature" and "Date" elsewhere in any of the MOC forms should be completed by hand after the respective form is printed from the interface prior to uploading a scanned version of the fully completed form.

9 May 2012 — Temporary unavailability of CDM Registry during transition to single Union Registry

Due to the imminent transition of EU member state registries to a single common emissions registry the CDM Registry will be unavailable to process forwarding transactions designated to EU national registries from 3 to 19 June 2012. Focal points are therefore encouraged to submit any CER forwarding requests to accounts with affected national registries to arrive at the secretariat by 28 May 2012 in order to ensure their completion prior to suspension of EU registry operations on 3 June 2012.

*Please note that requests for forwarding of CERs to non-EU registry accounts will not be affected by the above-mentioned closure period and will continue to be processed in the normal manner.

1. The introduction of a new section in the F-CDM-MOC with regard to a focal point entity’s change in name or legal status for post-registration submissons only.

1.1. Should the focal point entity changing its name or legal status also be a project participant, a new F-CDM-MOC should be submitted together with a DNA confirmation; the Annex 2 is no longer a requirement in such cases.

1.2. Should the focal point entity changing its name or legal status also be a project participant, and the same signatories apply for the entity in its role as focal point and as a project participant, there is no requirement to submit a separate Annex 2 to update the contact details of the project participant.

2. As per CDM Project Cycle Procedure, paragraph 169, on first time nomination of a focal point entity, the focal point(s) for scope (b) shall provide written evidence of:

(a) The new focal point’s corporate identity, and

(b) The personal identity and employment status of the new focal point’s authorized signatory(ies), including their specimen signature(s). For detailed instructions on the above, please refer to the standard F-CDM-MOC template on the Registry website.

19 March 2012 — Introducing the new F-CDM-MOC

In conjunction with the adoption of new procedures at EB65, the secretariat has published related forms including the new F-CDM-MOC (version 02.1) on the CDM website which is shown together with the current MoC form (version 01.4) at the following link: http://cdm.unfccc.int/Reference/PDDs_Forms/index.html#reg

Due to the fact that version 02.1 of the F-CDM-MOC only becomes effective on 1 May 2012, project participants are encouraged to continue to use version 01.4 of the MoC form until that date. It is anticipated that the new MoC statement will be available electronically as of 1 May 2012, however, users are kindly requested to refer to the CDM Registry website for updates on progress in this regard. Should there be an extended delay in implementing the electronic form, interim arrangements will be put in place to allow for an extended use of the old MoC form.

18 Jan 12 —Validity period for submitted CER forwarding requests

CER forwarding requests submitted electronically which are not supported by a signed F-CDM-FORWCERS form received at the secretariat within 90 days of the original submission will be automatically rejected unless CDM Registry is requested by focal point entities to extend the validity period for a justified reason.

Should project participants wish to ensure completion of requests to forward CERs by 31 December 2011, they are kindly requested to submit signed F-CDM-FORWCERS forms to arrive at the secretariat no later than 14 December 2011 close of business.

07 Nov 11 — MOC pre-screening step

Effective 7 November 2011 the pre-screening step on the MOC electronic interface will be removed. Focal point entities should continue to submit requests for changes to the MOC in the usual manner which will be addressed by the CDM Registry team as promptly as possible.

28 Oct 11 — Confidential documentation on the CDM website

The secretariat has removed documentation related to Modalities of Communication containing confidential information from the CDM website which will be replaced with digitized documentation of a restricted nature. While this exercise may take up to several months, project participants and focal points are kindly requested to ensure accurate maintenance of their own records for reference purposes until all digital documentation is available and published in a restricted format on the CDM website.

Please note updated requirements for effecting changes to holding accounts in the section 'How do I request changes to a CDM registry holding account'

12 Oct 11 — CDM Registry resumes operations

Please be informed that the CDM Registry has resumed operations and that CER issuance and CER forwarding transactions from the pending account are being processed as per normal procedure.

11 Oct 11 — Important Announcement

An attempt was made from outside the UNFCCC secretariat to execute an unauthorised transfer of certified emission reductions (CERs) from the CDM registry. Internal security procedures prevented the transfer from being executed, and no CERs were transferred. The owners of the accounts involved have been notified by the secretariat. The secretariat is investigating the incident to ensure continuous safe operation of the registry.

7 Oct 11 — Unavailability of the CDM Registry

Due to scheduled maintenance of the International Transaction Log the CDM Registry will be unavailable to process transactions or issuance/account related matters from 4-10 November 2011. We kindly request the understanding of project participants and account representatives during this outage period which is aimed to improve service requirements and benefit users of the CDM Registry.

25 Jul 11 — Disclaimer notification - F-CDM-MOC form

Project participants are invited to take note of a disclaimer notification which has been included on the F-CDM-MOC form, Annex 2, Section 4. As per CDM procedures this editorial change has been published on the CDM public website and is effective 25 July 2011. A grace period is applicable to this change whereby F-CDM-MOC forms will be accepted without inclusion of the disclaimer notification if submitted prior to the anticipated approval of the Executive Board at its sixty-third meeting, due to take place from 25-29 September 2011.

Documentation submitted to support requests for changes to contact details of project participants/focal point entities is required to be dated within 24 months of the date of submission of the documents to the secretariat; alternatively, a notarized certificate confirming the validity of any document dated older than 24 months at time of submission to the secretariat will be accepted.

16 May 11 — Notice to CDM project participants and stakeholders

The secretariat will not execute any registration and issuance process-related actions during the period 18-20 May 2011 due to a planned capacity-building exercise involving the programme in the UNFCCC secretariat that supports the Kyoto Protocol mechanisms.

17 Mar 11 — Change the name of a project participant or focal point Project participants

Annex 2, Sections 1 & 2 only of the F-CDM-MOC form together with either: 1. A validating letter from the authorizing DNA. Such letter should clearly state that the name of the entity has changed, include the former name and new name of the entity, and confirm that the original LOA remains valid after the change of name or legal status of the registered project participant; or 2. A new LOA to include both the former name and the new name of the project entity, which is important for verification purposes, would also be accepted.

Project participants (nominated as focal point entities)

A new F-CDM-MOC form and Annex 2, Sections 1 and 2, together with either: 1. A validating letter from the authorizing DNA. Such letter should clearly state that the name of the entity has changed, include the former name and new name of the entity, and confirm that the original LOA remains valid after the change of name or legal status of the registered project participant; or 2. A new LOA to include both the former name and the new name of the project entity, which is important for verification purposes, would also be accepted. Change the name of a project participant or focal point entity

22 Feb 11 — Editorial change to F-CDM-MOC form

As only minor editorial changes were included in the updated F-CDM-MOC form on 22/2/2011 (version 01.3), project participants may continue to utilize the previous version (01.2) if the form is already in circulation for signature purposes; however, any future submission should reflect the updated version. Forms - Registration/Validation

09 Feb 11 — Important announcement

Due to the recent closure of EU national registries for security reasons, the CDM Registry kindly requests the understanding of project participants for the undue delay in processing CER forwarding transactions. As soon as the national registries concerned are available the requested action will be taken as soon as possible.

07 Dec 09 — Electronic interface update

Updates to the electronic interface designed to facilitate requests for changes to MOC statements form focal point entities were introduced on 30 November 2009. The changes and improvements include a new ‘action-based’ interface where focal point entities are invited to use the new functions available which, amongst others, provide for the possibility to upload additional documents, including Letters of Approval (LoAs), via the online interface.

The secretariat continues to test and modify new features which will lead into the next phase of development expected in the first half of 2010.

Following the guidance provided in the Procedures for Modalities of Communication between Project Participants and the Executive Boardadopted at EB45, the secretariat is pleased to announce that a pilot interface was deployed on 12 August 2009 (version 1) as a first step towards a full online and paperless process.

Authorised signatories of project participants and focal point entities that wish to request changes to existing Modalities of Communication, addition/withdrawal of project participants or updating contact details should use the electronic F-CDM-MOCform available on the link provided in the registration and issuance emails.

It is no longer necessary to submit the hard copy of the MOCform or any of its annexes, provided the scanned documents have been duly signed and uploaded through this interface. Please note, however, that these documents should be available upon request should the secretariat deem it necessary to verify the originals.

For security reasons, all communication must be channelled via the authorised signatory/ies of the focal point entity and each request made through the electronic interface should be made using the name and email address that has been officially registered in the modalities of communication.

CDM Registry News - Regulatory

10 July 2013 — Commitment Period 2 (CP2) deployment

Commitment Period 2 (CP2) capabilities related to requests for issuance and forwarding of units will be available to stakeholders from Friday 12 July 2013. The new functionality includes the option to request issuance/forwarding of units from Commitment Period 1 (CP1) and Commitment Period 2 (CP2) or a combination of units from both commitment periods.

20 June 2013 — Commitment Period 2 (CP2) capabilities to be deployed

Commitment Period 2 (CP2) capabilities related to requests for issuance and forwarding are expected to be deployed for external users in the second week of July 2013.

16 October 2012 — Introduction of voluntary cancellation of units in the CDM Registry: Date of launching 15 November 2012

Further to its adoption by the Executive Board at its 69th meeting, the CDM Registry is pleased to announce the introduction of a Voluntary Cancellation Accountfor the purpose of cancelling CER/lCER/tCER units on a voluntary basis.

The voluntary cancellation mechanism will allow project participants who hold CERs/tCERs/lCERs in either a holding account or the pending account in the CDM Registry to cancel units on their own behalf or on behalf of third parties. Upon confirmation of a voluntary cancellation request the CDM Registry will issue an 'Attestation of Voluntary Cancellation' to the requestor of the cancellation transaction and publish the information on the CDM Registry web site.

Reports on transactions related to Voluntary Cancellations will be published on a bi-weekly basis on the 'Public Reports' section of the CDM Registry web page.

Voluntary cancellation transactions shall be requested following the normal procedures for forwarding from holding accounts and from the pending account of the CDM Registry. Detailed information on how to request voluntary cancellation will be published prior to the release date on the CDM Registry News - Operational page and on the How to/ Guidance section of the CDM Registry web page.

A web-based facility will be created on the CDM Registry web page to serve as a platform to facilitate interaction with potential providers of units for voluntary cancellation. The Voluntary Cancellation Service will provide a transparent and accessible forum for exchange of information. Further information on how to use the platform will also be published prior to the release date on the CDM Registry News - Operational page and on the How to/ Guidance section of the CDM Registry web page.

20 June 2012 — Activation of single Union registry for EU member States

The full activation of the EU Emissions Trading System single registry, including the migration of over 30,000 EU ETS accounts from national registries, is scheduled to take place on 20 June 2012. The transition timetable is as follows:

Starting on 14 May 2012 at 10:00 CEST, account holders will not be able to open or close accounts or to modify account and account representative details, neither in national registries nor in the single registry.

From 3 June 2012 at 10:00 CEST, the operation of national registries and the single registry will be suspended and account holders will not be able to access registry accounts - including allowances held in these accounts.

On 20 June 2012 at 12:00 CEST, the single registry will be fully activated. Users of existing national registries will be able to use the single registry as soon as they receive their new authentication credentials from their national administrator.

24 Oct 08 — CDM registry starts live operations with EU registries

The CDM registry is pleased to announce that, as a result of the successful connection of EU registries and CITL to the ITL, our live operations with EU registries have officially started on Wednesday 22 October. As from that date the CDM registry has been able to forward CERs held in temporary holding accounts to their associated EU registries for all cases where the national registry ID was made available by account representatives and where the receiving national registry confirmed their readiness to receive them.

Entities responsible for instructing on forwarding of CERs from the Pending account of the CDM registry to acquiring holding accounts of project participants authorised by an EU country, as stated in the modalities of communication, are encouraged to check whether the corresponding EU national registry is available to receive CERs from the CDM registry and to ensure that the receiving account corresponds to an account within that national registry.

Account representatives of temporary holding accounts that are still expecting to receive CERs in the corresponding national registry are requested to ensure that the national registry account ID has been instructed through the CDM registry online interface (user name and password needed).

16 Oct 08 — Successful connection of the CITL and EU national registries to the ITL

The UN Climate Change secretariat announced on Tuesday 14 October 2008 that it is on schedule to complete the live connection of the UNFCCC International Transaction Log (ITL) with the European Union (EU) Community Independent Transaction Log (CITL) and 26 European Union greenhouse gas emissions trading system (EU ETS) registries. As a result of this, the CDM registry and other Non-EU registries have been switched back to "Operating" mode as from today Thursday 16 October. The CDM registry is therefore now fully operational and able to resume forwarding of CERs as usual.

Please note, however, that the forwarding of CERs from Temporary Holding Accounts (THAs) to the associated EU registries will not take place until all the preparatory work has been completed in coordination with the receiving registries. The exact date when all these CERs will be sent to EU registries will be advised on this page in the next few days.

01 Oct 08 — Connection of the CITL and EU registries to the ITL

The European Commission (EC), Member States and the secretariat of the United Nations Framework Convention on Climate Change (UNFCCC) are currently working on the last preparatory phases of setting up a live connection between the CITL, the UNFCCC International Transaction Log (ITL) and Member State registries. The final connection process between the ITL and CITL will start on 6 October at 8:00 am CEST and is expected to take at least 10 calendar days (see here).

Please note that, as a result of this process, the CDM registry will not be available for forwarding transactions during that time starting on October 7 2008. Although issuance of CERs will still be conducted as usual, ensuing forwarding requests will not be processed until the connection process is finalised.

Once this connection process has been successfully completed, the CDM registry intends to forward all CER units currently held in temporary holding accounts to the national registries they are associated with. All CERs contained in a temporary holding account will be forwarded to the receiving account in the national registry in a single transaction. Specific instructions in this regard are being provided to account representatives via email.

For further information about the announcement mentioned above, please refer to the following links:

Type of accounts

The main account in the CDM registry is known as the “Pending account”. This is the account where CERs, lCERs and tCERs are issued upon instruction by the EB and therefore contains all those units that have been issued and not yet forwarded to the holding accounts of project participants.

Decision 3 CMP/2005/8/Add.1(paragraph 66) states that upon being instructed by the Executive Board to issue CERs for a CDM project activity, the CDM registry administrator, working under the authority of the Executive Board, shall, promptly, issue the specified quantity of CERs into the pending account of the Executive Board in the CDM registry, in accordance with Appendix D.

There is no specific time limit for CERs to remain in the Pending Account of the CDM registry and they are forwarded to the holding account of project participants in accordance with the modalities of communication in place at the time of the request. (See section How to forward CERs to a holding account of a project participant). Project participants should ensure the Share of Proceeds for administrative expenses (SOP Admin) has been paid in full in order to be able to request the forwarding of CERs.

(a) That the share of proceeds to assist developing country Parties that are particularly vulnerable to the adverse effects of climate change to meet the costs of adaptation, as referred to in Article 12, paragraph 8, of the Kyoto Protocol, shall be two per cent of the certified emission reductions issued for a clean development mechanism project activity;

The CDM registry has set up a dedicated account for the Adaptation Fund where the two percent of each issuance of CERs is forwarded at the time of the issuance. The work and progress of the Adaptation Fund and its Board can be followed on www.adaptation-fund.org.

Publicly available information on the amount of CERs that are deducted for the Adaptation Fund can be found in section “SOP for the Adaptation Fund” of this site.

The CDM registry has established temporary holding accounts for project participants with authorisation from an Annex I Party (country) wishing to receive CERs and whose national registry is not yet connected to the ITL. (http://unfccc.int/resource/docs/cop10/02.pdf paragraph 57).

Each temporary holding account is associated with one specific holding account in the national registry of the Party that provided the Letter of Authorisation (LOA) for the participation of the entity in a given CDM project activity. As soon as the corresponding national registry is fully connected to the ITL the CDM registry forwards all the CER units held in the temporary holding account to the associated account in the acquiring national registry in coordination with the counterpart registry. The details of this process is provided to all account representatives once the connection of the national registry has been confirmed by the ITL administrator.

Temporary holding accounts are being gradually phased out, as National Registries of Annex I Parties get connected to the ITL through a processs called “initialization”. This process tests registry functions against the technical standards to ensure that all electronic communication, transaction and reconciliation processes are working correctly.

Following further guidance provided by the EB, the CDM registry also allows project participants registered in a CDM project activity with authorisation from a Non-Annex I Party to open a holding account where CERs, lCERs and tCERs can be received for the subsequent forwarding of those units to the holding accounts of project participants with authorisation from an Annex I Party. (http://unfccc.int/resource/docs/cop10/02.pdf paragraph 58).

Permanent holding accounts can only receive CERs from the Pending account of the CDM registry and from any CDM project activity in which the account holder is registered as a participant with an authorisation of the same Non-Annex I Party.

Units (CERs, lCERs or tCERs) being held in a permanent holding account can only be forwarded to the holding accounts of entities registered as participants in the CDM project activities that originated those units and with an authorisation (LOA) from an Annex I Party (temporary holding accounts or national registry holding accounts).